Axis Mutual Fund files offer document for All Seasons Equity Fund of Fund

Axis Mutual Fund has filed offer document with SEBI to launch an open ended fund of fund scheme named ‘Axis All Seasons Equity Fund of Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If redeemed / switched-out within 12 months from the date of allotment:-For 10% of investment: Nil-For remaining investment: 1% If redeemed/switched out after 12 months from thedate of allotment: Nil .The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by NIFTY 500 TRI. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

The investment objective of the Scheme is to provide long term capital appreciation by predominantly investing in Schroder International Selection FundGlobal Equity Alpha, a fund that aims to provide capital growth by investing in equity and equity related securities of companies worldwide. The Scheme may also invest a part of corpus in debt, money market instruments and or units of liquid schemes in order to meet liquidity requirements from time to time.